Myanmar is an intriguing destination, that has been detected by millions of tourists in the last few decades. There are lots of luxury resorts in Yangon and colonial-style properties in Mandalay, so as to satisfy the high demand for lodging. Additionally, Myanmar's visa principles are made simpler and traffic from particular destinations can receive their visas on arrival. All that take effect in tourist arrival numbers.
The forecast is for an increase in yearly traffic to 6,000,000 in 2017. By 2030, the amount of passengers is expected to climb to 30 million. ) However, such expansion in tourism actually depends upon infrastructure improvements.
there’s a demand for much better airport infrastructure to handle the advancement in the tourism industry. The big distances between important cities and attractions, need air advancements through the next several years. Owing to that, Myanmar's aviation industry has opened its doors to overseas investments.
Businesses have recognized the enormous potential of hotels in Yangon and other tourism-related companies and are looking for investment opportunities. The airline industry in Myanmar, joins many global air businesses to raise their services into the country, which appears as the very populous market in Southeast Asia.
There are just eight airlines in Myanmar: Air Mandalay, Air KBZ, GMA, Yangon Airways, Air Bagan, Asia Wings and Mann Yadanapon. Three of these are already considering conducting airports in Myanmar. Myanmar Airways International will purchase new aircraftin reaction to this huge growth in tourism. There’ll even be more flights out of Yangon, Mandalay and the funds Nay Pyi Daw.
The first plane of Mann Yadanapon airline landed in Yangon International Airport. A fresh ATR 72-600 aircraft established, has begun flying into national destinations like Yangon, Nyaung and Heho. The aircraft has came from Toulouse, France in which it was fabricated. The next airplane will arrive at Yangon in the end of March, and the next airplane will arrive in November. Presently, over 20 overseas airlines are working in Myanmar. Bangkok Airways, as an instance, has established new solutions to Myanmar's funds Nay Pyi Daw.
Myanmar has 49 airports, three global and 46 nationwide. This past year, there was a list of 4,000,000 traffic in domestic airports around Myanmar. The Maximum number of people landed in Yangon International Airport, after by Mandalay International Airport and Heho Airport. From April 2014, Myanmar airports, for instance, state-of-the-art airport at the funds Nay Pyi Daw, will move to private business use and will soon be available for overseas international investors.
Personal investors are encouraged to update 30 domestic airlines in Myanmar. First access to the market has allowed for Japan, Thailand, Malaysia, Singapore and China. Myanmar can be thought of as a vital market for cheap carriers, as most employees in Singapore, Kuala Lumpur and Thailand are from Myanmar.